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Articles for Legal & Accounting Experts
Managing By The Numbers
Monday, March 11, 2013
A dealership’s financial statement can reveal exactly how it’s perceived in the community. The magazine’s accounting expert identifies the metrics that tell all.
Are Car Dealers Racketeers?
Tuesday, February 26, 2013
The magazine’s legal expert weighs in on a court case involving a consumer’s use of the RICO Act to sue a dealer.
10 Must-Follow Advertising Guidelines
Wednesday, February 13, 2013
Jim Radogna offers 10 insights that will help you navigate the sometimes messy business of advertising.
California to BHPH Dealers: “Get Lost.”
Wednesday, January 23, 2013
The magazine’s legal expert explains why California’s attack on buy-here, pay-here dealers was unwarranted and unneeded.
Thoughts on Managing Inventories
Thursday, January 17, 2013
CPA David Keller examines why dealers and managers need to make inventory management a top priority if they want to maximize sales opportunities and minimize write-offs and write-downs.
Harmless Horseplay is not a Harassment Defense
Friday, December 21, 2012
Author Jim Radogna discusses the alarming numbers of harassment and discrimination lawsuits being filed against car dealerships.
Free Legal Advice on the Internet
Wednesday, December 12, 2012
Attorney Tom Hudson explains why relying on the Internet for legal research and compliance is no substitute for the advice of a qualified legal professional.
How to Improve Your Accounting Department
Monday, December 10, 2012
CPA David Keller takes a closer look at the importance and responsibilities of an often-forgotten part of the dealership, the accounting department.
Wednesday, November 07, 2012
Legal expert Thomas Hudson points out the important of a "integration clause" to preclude the buyer from later claiming the dealer orally promised to include in the deal the sun, the moon and the stars.
Internal Control Concerns Over Electronic Funds Transfers (EFT) and Automated Clearinghouse (ACH) Payments
Monday, November 05, 2012
Expert David Keller discusses the importance of security systems and internal control when processing Electronic Fund Transfers (EFT) and Automated Clearinghouse (ACH) payments.
Don’t Forget to Tell Your Inventory Story
Monday, October 22, 2012
Jim Radogna, President of Dealer Compliance Consultants, discusses what vehicle conditions and history reports you should disclose to your customers. Jim also talks about how to determine if the vehicle you're selling should be classified as new or used.
Preparing Multiple Contracts?
Wednesday, October 10, 2012
Attorney Tom Hudson discusses why the practice of writing multiple contracts on the same deal is bad news and can cause dealers to run afoul of the federal Truth in Lending Act.
Service and Parts – More Gross or Less Expense To Obtain Profitability?
Friday, October 05, 2012
Author and CPA Dave Keller examines the best way to increase profitability in the parts and service departments.
You Should Not Be in the BHPH Business If …
Friday, August 31, 2012
A few words of caution from attorney Tom Hudson: if you fit any of these descriptions, you shouldn't be in the BHPH business.
Be Ready For Fraud
Wednesday, August 29, 2012
CPA and certified fraud examiner David Keller goes over several measures dealers can take to protect their dealerships from internal theft and fraud.
UCCC Extraterritoriality - But it’s a Minnesota Contract!
Tuesday, August 28, 2012
If a finance company buys retail installment contracts from auto dealers in its home state, what happens when a consumer named in one of those contracts moves to a state with different laws from the company’s home state? Attorney Nikki Munro discusses a recent case that poses that very question.
Is Your Information Safeguards Plan Keeping Up With Technology?
Friday, August 24, 2012
Dealerships have become more technologically advanced since the federal Safeguards Rule was first enacted. Compliance expert Jim Radogna presents some tips to help dealers ensure their information safeguards policy keeps pace with today's technology.
My Compliance Lawyer is Crazy
Tuesday, August 07, 2012
Attorney Nicole Munro explains why dealers must be prepared if the Consumer Financial Protection Bureau comes knocking on their door and looks at some the the CFPB's recent enforcement actions.
FTC’s Complaint Report
Wednesday, August 01, 2012
The FTC has made a lot of noise about looking into car dealers and their reportedly abusive practices, but what percentage of consumer complaints are actually about car dealers? Attorney Tom Hudson takes a closer look.
The Lenders Are Back
Friday, July 27, 2012
Accountant Dave Keller explains how to adjust accounting practices to make things work more smoothly with your lender.
Copyright 2011 Auto Dealer Monthly